Paying foreign cheques into Children's Accounts

cjwa

Hi,

I have recently opened a Child ISA and Child Savings account at Nationwide for my daughter, but recently received a cheque from America in dollars in her name and they say the cannot process it. Please can you tell me the best solution?

Many thanks,
Chris

:money: :j

eDicky

The best solution would be to send the cheque back and insist on a bank transfer, providing account details.

cjwa

Do you think I can pay it in to my account with her birth certificate then transfer it to her account? C :j

PeacefulWaters

cjwa wrote: »

Do you think I can pay it in to my account with her birth certificate then transfer it to her account? C :j

No. Although if the name on the cheque exactly matches yours you could, without the need for the birth certificate.

Out of interest,Mohicans bank has rejected the cheque.

agrinnall

PeacefulWaters wrote: »

Out of interest,Mohicans bank has rejected the cheque.

I'm not sure what word that was supposed to be but it surely rates a :eek:

missbiggles1

Why a poll?.

pinkdalek

I am not understanding why Nationwide would not accept the cheque at least into the normal account. ISA I could understand if the amount exceeded the annual limit. I would have thought the cheque could be accepted but it may take longer to clear as sometimes foreign drafts have to be sent back to the bank direct for negotiation. Ususally there is a fee for collection but that would be standard across all banks.

Go to a normal bank and open accounts with them rather than use an organisation that quite clearly only wants to be a bank when it suits them.

jonesMUFCforever

pinkdalek wrote: »

I am not understanding why Nationwide would not accept the cheque at least into the normal account. ISA I could understand if the amount exceeded the annual limit. I would have thought the cheque could be accepted but it may take longer to clear as sometimes foreign drafts have to be sent back to the bank direct for negotiation. Ususally there is a fee for collection but that would be standard across all banks.

Go to a normal bank and open accounts with them rather than use an organisation that quite clearly only wants to be a bank when it suits them.

A quick Google search told me that as a building society they do not accept foreign cheques for anybody.

http://www.nationwide.co.uk/~/media/MainSite/documents/support/payments-transfers/P1078_OverseasPayments.pdf

PeacefulWaters

agrinnall wrote: »

I'm not sure what word that was supposed to be but it surely rates a :eek:

I'll blame Apple.

zagubov

I think we're expecting what's probably the country's biggest building society to be identical to a bank, when it's explicitly not. It has offered current accounts for decades (and good ones from my experience), but it's just not a bank. If you went into a branch with tons of coins to change into notes or vice versa, they couldn't do that either.
This part of the main website might be helpful.

pinkdalek

jonesMUFCforever wrote: »

A quick Google search told me that as a building society they do not accept foreign cheques for anybody.

http://www.nationwide.co.uk/~/media/MainSite/documents/support/payments-transfers/P1078_OverseasPayments.pdf

Strange as when I worked for a building society in a previous job we accepted cheques in foreign currency.
Like I said Nationwide the building society who really want to trade like a bank but only when it suits them.